By Anna D. Banks, GCDF

Some employees hanker for retirement while some fear it and many are anxious thinking about the financial instability associated with it. The truth is that retirement is just another phase of adulthood and it gives a person an opportunity to relive life as and how he or she wants. But in reality retirement is a major event in a person’s life with today’s increasing life span, one that lasts for about a good one third of life!

Retiring at 65 is not archetypal anymore as people nowadays retire even at 60 and then they have to plan for around 30 years of not working. Retiring late means, you don’t get a chance to do everything you wish for. Like quoted in a poem written by William Shakespeare “Fear no more the heat o’ th’ sun, Nor the furious winters rages. Thou thy worldly task hast done, home art gone and ta’en thy wages”. Retirement generally brings in a change in the existing lifestyle and things that encompass retirement years include career changes, possible relocation and cutting back work. Hence planning is essential to lead a satisfying retired life. Retirement planning should be based on identifying what that term means to you and how the lifestyle change can be funded.

The strategy for retirement planning has changed tremendously. Now it is based on the terms of lifestyle changes, accomplishing or readjusting goals and changing or giving up work. Case studies state that the person who spends minimum 10 years in building the foundation with regards pre-retirement planning can lead a second fun filled career during retirement.

So enroll in a workshop to get guidance with regards pre-retirement planning or if you already have enrolled, enquire whether the pre-retirement planning also includes relocation. Relocation works well for employees who work for the Defense.

So start planning now if you wish to lead a quality life after retirement and the first step would be based on assessing the type of life you would like to live. So if you are retiring at 60 or 65 and wish to maintain the same lifestyle, then your retirement years should generally focus on building wealth to generate income from those investments made during the working years. By joining a workshop and enrolling with a financial planning program, you will be able to chart a well-defined path, which can make your retirement years more worthwhile and relaxing.

These financial planning strategies provide a series of advantages like those that boost retirement saving and legally minimize tax and access to preserve super benefits of tax relief or concessional tax. Once you understand your retirement portfolio, then you are sure to understand and control your clear course towards a successful and relaxed retired life. Retired life is a new chapter to relive and enjoy all those moments that you missed while barging ahead in a hectic work life.

© Anna D. Banks, GCDF

ANNA D. BANKS, GCDF is an adjunct professor at Essex County College, career development and marketing coach, speaker, and author. Anna helps individuals design a game plan for an extraordinary career or business. Since 1996, Anna has helped hundreds of job-seekers, managers, business owners, and sales professionals achieve career success. For more information send an email to
Author’s Note:
Do you have any questions about career development or lifestyle changes for Baby Boomers, which you think others, like you, would want to know the answers? Please post your question this site or email your questions to me at